Navigating the world of merchant accounts can be confusing and intimidating, but every small business should accept credit cards. This can help you grow your sales and simplify collections while providing better customer service.

Our featured guest in this episode of Small Business Trends Radio is Samuel Peery, Vice President of Marketing at Propay, Inc. ProPay provides credit card services customized to small businesses.

For instance, did you know that:

• Retail businesses — can increase their sales by accepting credit cards. Statistics show that the average credit card order is 3 to 4 times larger than the average check or cash order. Accepting credit cards as a form of payment can increase sales anywhere from 40% to 400%.

• Service oriented businesses — can benefit by simplifying collections and increasing their cash flow. Statistics show that 24% of accounts receivables are 90 days old. This number can be as high as 75% at times. By accepting credit cards, service businesses can get paid much faster.

• Convenience — speed, professional image, legitimacy, electronic records - these are all benefits of accepting credit card payments and providing superior customer service.

• ProPay is offering — Small Business Trends Radio listeners 50% off until June 30th. To take advantage of this special offer, please visit this page.

In this episode, Samuel Peery discusses the in’s and out’s of merchant credit card services. He explains how some services differ from other services offered online today and the benefits of accepting credit card payments.

Stay tuned at the end of the program for the Today’s Trend segment. Today’s Trend is: The Rise of the Big Business/Small Business Ecosystem.

Gain access to Samuel’s insights by clicking the player below to listen to the full interview.

Listen Now:

 What Every Business Should Know About Credit Cards [53:27m]: Play Now | Play in Popup | Download

Posted by Staci Wood | | Permalink

1. I have been using ProPay for over 2 years now and I highly recommend their services to anyone. Being a very small business just starting out, I was looking for the most affordable credit card service. Their start up price is extremely reasonable and you don’t have to buy an expensive credit card machine.

   Credit cards have made an impact on my sales too. Most of my website sales are credit card purchases. I also do craft shows and find that customers buy more when they see I take credit cards, especially around the holidays.

   ProPay is so easy to use. I process all my CC sales online. When the money comes available, I can either transfer it to my checking account or use the debit card that is linked to my ProPay account.

   I am very pleased with their services!

   Comment by Amanda — 6/21/2007 @ 8:38 am

2. Amanda,
   Thanks for the kind comments. We hear a lot of success stories like yours. Accepting credit cards really does make a difference. In fact, I wasn’t able to mention it on the show, but just yesterday we posted two new pages on our site. One contains audio success stories from our users. The other is a short presentation that shows how ProPay works and how credit cards can help grow your businesses.
   ProPay Testimonials
   How ProPay works

   Comment by speery — 6/22/2007 @ 10:31 am

3. Based on Amanda’s testimony and the informative show that Samuel provided . . .I will be recommending ProPay’s services to others with a need now. Thanks!

   Comment by Chris — 6/22/2007 @ 1:50 pm

4. Amanda’s testimony is one more added on to the many I have heard. ProPay has come highly recommended from many.

   Comment by EJMalyn — 6/26/2007 @ 7:26 pm

5. thanks for the great information

   Comment by Chris Howard — 8/28/2007 @ 4:35 pm

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